China's Tradable-Share Plan
Remains Crucial to Markets

SHANGHAI -- China's move to revalue its currency may temporarily underpin the country's stock market, as it did Friday, analysts say.

But a move to increase the amount of tradable equity capital on Chinese exchanges has recently sent stock prices sliding to eight-year lows. And if brokerage-firm chief Wang Kai Guo has his way, regulators will accelerate their controversial plan to make so-called nontradable shares in listed companies...